USDA ERS: Sugar and Sweeteners Outlook March 2021

Sugar and Sweeteners Outlook March 2021

U.S. Sugar Supplies Lowered as Smaller Imports

More than Offset Larger Production

Production of beet sugar is raised this month with a higher anticipated extraction rate. Cane sugar production is increased in Louisiana, more than offsetting a small reduction for Texas. Total supply is reduced based on a downward revision to imports, which is mainly on account of decreased imports from Mexico. Domestic deliveries are reduced on a weak pace through the first 4 months of the fiscal year. U.S. ending stocks are revised lower, as is the projected stocks-to-use ratio. Mexico’s sugar production and deliveries are projected smaller. Mexico’s exports to the United States are reduced, with larger shipments projected to other markets.

DW Montgomery & Company has provided extensive market and contractual expertise within the sugar industry for over 70 years. Our family has now three generations working within the business and has grown to include a large variety of organic and natural ingredients. It is our pleasure to serve you and assist you in your purchasing needs.

All the best,

David Montgomery, Jr., Paul Montgomery, Andrew Montgomery, and David Montgomery III